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Mar 08, 2010 at 07:37 AM

Tax rate change

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Dear all,

After budget 2010,excise duty were reduced from 8 to 4%,We are using TAXIN Procedure,We have already have

tax code combination for (ed1021)+vat4%,I have maintained new rate(ED-4%) for conditon type JMOP in FV12 for plant/material/vendor combination,but it is fetching only 10% in p.o,whether we need to create new tax code or else

adopt new rate in existing tax code ? Kindly advice.

Jeyakanthan